Nifty Outlook for 15th Dec

  In the previous session : 

Nifty went up by 84 points then went down by 41 points before closing higher by 44 points on Monday as compared to the previous day's close. 

Nifty  made a new life time high of 13597.50 in this upmove from the levels of  7511.10  . 

On 14th Dec :

Nifty initially triggered our long trade with a gap up above our 2nd target and did not give a chance to enter . Post that Nifty reversed to trigger our short trade and completed just 1 target and took our TSL. Nifty is indicating indecisiveness and unless we get a close above 13600 we can expect to see dips towards 13400 where there is strong support.

For 15th Dec :

 

Sustaining above 13580 enter for 13595 - 13610 - 13650 , SL 13565

Sustaining below 13535  enter for 13520 - 13505 - 13465 , SL 13550

 

Now for this week :

Nifty has immediate resistance at 13555 - 13580 zone and closing above it we may see a further move towards 13650 - 13665 zone 

Nifty has immediate support at 13475 - 13450 zone and closing below it we may see a further move towards 13380 - 13365 zone . 

So far this week Nifty has made a high of 13597.50 just above our initial resistance zone and closed with in . It needs to now sustain / close above 13580 for a further move towards 13650 - 13665 where we can see some profit booking. 

Now overall Nifty can face some resistance in 13555 - 13580 zone and if closes strongly above it then we can see a further upmove . Failing to close above it we can see it test its strong support at 13380 - 13365 zone.

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.